Hyatt Hotels: Expect Strong Growth In Americas Management Fees
Hyatt Hotels primarily earns revenue through sales of rooms and other ancillary services for its owned and leased hotels. The company also manages and franchises third-party owned properties for which it charges a fee. We estimate that the third-party owned hotel operations account for more than more than 65% of the company’s stock value. This can be attributed to higher margins associated with this business as the operating costs for these hotels are borne by the third-party owner.

Vía Forbes Real Time